A Business at a Glance
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ENTEGRIS INC
ENTG
$19.6B
Mkt Cap
$129.15
-4.55%
ENTEGRIS INC (ENTG) has a current P/E ratio of 83.3, compared to its historical median P/E of 42.9. The stock is currently considered Expensive based on its historical valuation range.
ENTEGRIS INC (ENTG) has a 5-year average return on invested capital (ROIC) of 9.3%. This is below average and may indicate limited pricing power.
ENTEGRIS INC (ENTG) has a market capitalization of $19.7B. It is classified as a large-cap stock.
Yes, ENTEGRIS INC (ENTG) pays a dividend with a trailing twelve-month yield of 0.31%.
Based on historical P/E analysis, ENTEGRIS INC (ENTG) appears expensive. The current P/E of 83.3 is 94% above its historical median of 42.9. The estimated fair value CAGR (P/E method) is -4.5%.
ENTEGRIS INC (ENTG) operates in the Plastics Products, Nec industry, within the Materials sector.
ENTEGRIS INC (ENTG) reported annual revenue of $3.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Entegris is a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries, organized into two operating segments: Materials Solutions (MS), which provides chemical vapor and atomic layer deposition materials, chemical mechanical planarization slurries and pads, ion implantation specialty gases, and formulated etch and clean materials; and Advanced Purity Solutions (APS), which offers filtration, purification, and contamination-control solutions for liquid chemistries, gases, and wafer cleanliness. The company's business model is driven by unit economics tied to semiconductor manufacturing wafer starts and capital expenditure cycles, with approximately 75% of revenue correlated to wafer starts (MSI) and 25% tied to industry capital spending on fab construction and wafer fabrication equipment. Entegris differentiates through its comprehensive electronic materials portfolio, expertise in materials science and materials purity, and co-optimized integrated solutions that address complex manufacturing challenges across deposition, CMP, and post-CMP modules, positioning the company to capture incremental content per wafer as customers transition to advanced nodes and new materials such as molybdenum. The company serves leading semiconductor manufacturers globally, with approximately 70% of revenue from Asia customers, and maintains a distributed manufacturing footprint across the United States, Taiwan, Korea, Japan, and Malaysia to support regional demand and manage trade policy dynamics. Long-term secular demand drivers include artificial intelligence, high-performance computing, cloud computing, advanced packaging, and emerging applications in autonomous vehicles and smart healthcare, with industry forecasts projecting semiconductor sales reaching approximately $1.6 trillion by 2030.
【Advanced node transitions driving content growth】 Management expects 2026 to benefit from significant node transitions in both logic and memory, with 2-nanometer devices expected to meaningfully drive wafer output and NAND transitioning to approximately 300 layers, creating accretive content per wafer opportunities. The company anticipates mid-to-high single-digit industry MSI growth for the remainder of 2026, with DRAM capital investments expected to continue at pace and NAND demand and MSI also expected to increase, supported by leading-edge technology transitions and AI-driven storage requirements. Fab construction spending is expected to grow in 2026 after declining in 2025, with WFE delivering strong growth, and management expects to significantly grow content per wafer and outperform the market as devices become more complex and the importance of yield, precision manufacturing, and advanced process steps and materials increases. The company is targeting net leverage reduction to approximately 3x by the end of 2026 through improved free cash flow generation, with CapEx expected to decline to $250 million in 2026 as the multi-year manufacturing investment cycle completed in 2022 enables delivery of significantly more than $1 billion in incremental revenue with limited further investment.
| Metric | Target | Period |
|---|---|---|
| CapEx | $250 million | FY2026 |
CapEx (FY2026): “CapEx of $250 million”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.2B | 3.2B | 3.2B | 3.5B | 3.3B | 2.3B |
| Net Income | 265M | 236M | 293M | 181M | 209M | 409M |
| EPS | $1.74 | $1.55 | $1.93 | $1.20 | $1.46 | $3.00 |
| Free Cash Flow | 505M | 396M | 316M | 188M | -103M | 190M |
| ROIC | 6.2% | 5.5% | 6.5% | 6.1% | 7.2% | 21.2% |
| Gross Margin | 44.6% | 44.4% | 45.9% | 42.5% | 42.5% | 46.1% |
| Debt/Equity | 0.92 | 1.10 | 1.13 | 1.36 | 1.97 | 0.61 |
| Dividends/Share | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.32 |
| Operating Income | 475M | 456M | 534M | 499M | 480M | 552M |
| Operating Margin | 14.7% | 14.3% | 16.5% | 14.2% | 14.6% | 24.0% |
| ROE | 6.5% | 6.2% | 8.2% | 5.5% | 8.5% | 26.5% |
| Shares Outstanding | 152M | 152M | 152M | 151M | 143M | 136M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 962M | 1.1B | 1.2B | 1.3B | 1.6B | 1.6B | 1.9B | 2.3B | 3.3B | 3.5B | 3.2B | 3.2B | 3.2B |
| Gross Margin | 39.2% | 43.5% | 43.3% | 45.4% | 46.4% | 44.7% | 45.7% | 46.1% | 42.5% | 42.5% | 45.9% | 44.4% | 44.6% |
| R&D | 88M | 106M | 107M | 107M | 118M | 121M | 136M | 168M | 229M | 277M | 316M | 329M | 320M |
| SG&A | 232M | 199M | 202M | 216M | 247M | 285M | 265M | 292M | 543M | 576M | 447M | 451M | 465M |
| EBIT | 21M | 118M | 156M | 242M | 293M | 239M | 395M | 552M | 480M | 499M | 534M | 456M | 475M |
| Op. Margin | 2.2% | 10.9% | 13.2% | 18.0% | 18.9% | 15.0% | 21.3% | 24.0% | 14.6% | 14.2% | 16.5% | 14.3% | 14.7% |
| Net Income | 7.9M | 80M | 97M | 85M | 241M | 255M | 295M | 409M | 209M | 181M | 293M | 236M | 265M |
| Net Margin | 0.8% | 7.4% | 8.3% | 6.3% | 15.5% | 16.0% | 15.9% | 17.8% | 6.4% | 5.1% | 9.0% | 7.4% | 8.2% |
| Non-Recurring | 4.5M | 8.3M | 9.3M | 9.4M | 4.5M | 11M | 15M | 0 | 0 | 91M | 34M | 19M | 34M |
| Returns on Capital | |||||||||||||
| ROIC | 2.9% | 9.4% | 11.5% | 13.7% | 22.1% | 11.9% | 17.1% | 21.2% | 7.2% | 6.1% | 6.5% | 5.5% | 6.2% |
| ROE | 1.0% | 10.4% | 11.4% | 9.0% | 24.0% | 23.4% | 23.2% | 26.5% | 8.5% | 5.5% | 8.2% | 6.2% | 6.5% |
| ROA | 0.6% | 4.7% | 5.8% | 4.6% | 11.2% | 10.5% | 10.9% | 13.4% | 3.1% | 1.9% | 3.4% | 2.8% | 3.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 126M | 121M | 208M | 293M | 313M | 382M | 447M | 400M | 363M | 645M | 632M | 695M | 738M |
| Free Cash Flow | 69M | 49M | 142M | 200M | 202M | 270M | 315M | 190M | -103M | 188M | 316M | 396M | 505M |
| Owner Earnings | 34M | 8.2M | 94M | 176M | 168M | 221M | 287M | 232M | 161M | 410M | 378M | 421M | 476M |
| CapEx | 58M | 72M | 65M | 94M | 110M | 112M | 132M | 211M | 466M | 457M | 316M | 299M | 233M |
| Maint. CapEx | 84M | 102M | 100M | 102M | 127M | 141M | 137M | 138M | 135M | 173M | 188M | 205M | 190M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72M | 331M | 284M | 128M | 94M | 43M |
| D&A | 84M | 102M | 100M | 102M | 127M | 141M | 137M | 138M | 135M | 173M | 188M | 205M | 190M |
| CapEx/OCF | 45.7% | 59.5% | 31.4% | 31.9% | 35.2% | 29.4% | 29.5% | 52.6% | 132.3% | 70.9% | 50.0% | 43.0% | 31.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 9.9M | 40M | 41M | 43M | 44M | 57M | 60M | 61M | 61M | 61M |
| Dividend Yield | N/A | N/A | N/A | 0.3% | 0.9% | 0.8% | 0.5% | 0.3% | 0.4% | 0.4% | 0.3% | 0.5% | 0.3% |
| Share Buybacks | 0 | 0 | 7.6M | 28M | 174M | 80M | 45M | 67M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.3% | 0.7% | 4.6% | 1.2% | 0.4% | 0.4% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 8.9M | 11M | 13M | 15M | 17M | 20M | 23M | 30M | 67M | 61M | 66M | 69M | 73M |
| Debt Repayment | 89M | 100M | 75M | 460M | 136M | 4.0M | 251M | 550M | 145M | 1.3B | 848M | 300M | 300M |
| Balance Sheet | |||||||||||||
| Net Debt | 372M | 304M | 178M | 49M | 457M | 585M | 722M | 635M | 5.8B | 4.2B | 3.9B | 4.0B | 3.3B |
| Cash & Equiv. | 390M | 350M | 406M | 625M | 482M | 352M | 581M | 403M | 563M | 457M | 329M | 360M | 443M |
| Long-Term Debt | 667M | 606M | 485M | 574M | 935M | 932M | 1.1B | 937M | 5.6B | 4.6B | 4.0B | 3.7B | 3.7B |
| Debt/Equity | 1.02 | 0.82 | 0.65 | 0.68 | 0.93 | 0.80 | 0.94 | 0.61 | 1.97 | 1.36 | 1.13 | 1.10 | 0.92 |
| Interest Coverage | 0.6 | 3.1 | 4.2 | 7.5 | 8.6 | 5.1 | 8.1 | 13.4 | 2.3 | 1.6 | 2.5 | 2.3 | 2.3 |
| Equity | 748M | 803M | 899M | 993M | 1.0B | 1.2B | 1.4B | 1.7B | 3.2B | 3.4B | 3.7B | 4.0B | 4.0B |
| Total Assets | 1.7B | 1.6B | 1.7B | 2.0B | 2.3B | 2.5B | 2.9B | 3.2B | 10.1B | 8.8B | 8.4B | 8.4B | 8.5B |
| Total Liabilities | 1000M | 844M | 800M | 983M | 1.3B | 1.4B | 1.5B | 1.5B | 6.9B | 5.4B | 4.7B | 4.4B | 64M |
| Intangibles | 309M | 259M | 218M | 182M | 296M | 334M | 338M | 335M | 1.8B | 1.3B | 1.1B | 907M | 861M |
| Retained Earnings | -81M | -416K | 92M | 147M | 214M | 366M | 578M | 880M | 1.0B | 1.2B | 1.4B | 1.6B | 1.6B |
| Working Capital | 503M | 533M | 539M | 767M | 760M | 668M | 932M | 934M | 1.6B | 1.5B | 1.1B | 1.1B | 1.2B |
| Current Assets | 766M | 709M | 800M | 1.1B | 1.0B | 932M | 1.2B | 1.3B | 2.3B | 2.0B | 1.6B | 1.6B | 1.8B |
| Current Liabilities | 263M | 176M | 262M | 291M | 270M | 264M | 303M | 379M | 762M | 514M | 525M | 489M | 556M |
| Per Share Data | |||||||||||||
| EPS | 0.06 | 0.57 | 0.68 | 0.59 | 1.69 | 1.87 | 2.16 | 3.00 | 1.46 | 1.20 | 1.93 | 1.55 | 1.74 |
| Owner EPS | 0.26 | 0.06 | 0.66 | 1.22 | 1.18 | 1.62 | 2.10 | 1.70 | 1.13 | 2.73 | 2.49 | 2.77 | 3.12 |
| Book Value | 5.69 | 5.70 | 6.29 | 6.89 | 7.10 | 8.55 | 10.10 | 12.57 | 22.49 | 22.64 | 24.33 | 26.01 | 26.59 |
| Cash Flow/Share | 0.96 | 0.86 | 1.45 | 2.03 | 2.19 | 2.81 | 3.27 | 2.94 | 2.54 | 4.28 | 4.16 | 4.58 | 2.98 |
| Dividends/Share | N/A | 0.00 | 0.00 | 0.07 | 0.28 | 0.30 | 0.32 | 0.32 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Shares Out. | 131.4M | 140.9M | 142.9M | 144.2M | 142.5M | 136.3M | 136.6M | 136.4M | 143.1M | 150.6M | 151.7M | 152.0M | 152.3M |
| Valuation | |||||||||||||
| P/E Ratio | 212.1 | 23.0 | 25.2 | 50.1 | 15.7 | 26.4 | 42.9 | 45.7 | 42.4 | 100.3 | 52.5 | 55.6 | 74.2 |
| P/FCF | 24.4 | 37.7 | 17.2 | 21.3 | 18.7 | 24.9 | 40.2 | 98.5 | N/A | 96.6 | 48.6 | 33.1 | 38.9 |
| EV/EBIT | 100.5 | 18.6 | 14.9 | 15.7 | 12.9 | 29.1 | 31.8 | 34.1 | 28.5 | 43.7 | 35.0 | 35.3 | 48.3 |
| Price/Book | 2.2 | 2.3 | 2.7 | 4.3 | 3.7 | 5.8 | 9.2 | 10.9 | 2.8 | 5.3 | 4.2 | 3.3 | 4.9 |
| Price/Sales | 1.6 | 1.7 | 1.7 | 2.6 | 2.9 | 3.4 | 4.7 | 6.9 | 4.4 | 3.9 | 5.6 | 4.1 | 6.1 |
| FCF Yield | 4.1% | 2.7% | 5.8% | 4.7% | 5.3% | 4.0% | 2.5% | 1.0% | -1.2% | 1.0% | 2.1% | 3.0% | 2.6% |
| Market Cap | 1.7B | 1.8B | 2.4B | 4.3B | 3.8B | 6.7B | 12.7B | 18.7B | 8.9B | 18.1B | 15.4B | 13.1B | 19.7B |
| Avg. Price | 11.63 | 13.01 | 14.25 | 24.07 | 31.31 | 39.22 | 63.72 | 117.03 | 101.20 | 92.08 | 120.12 | 86.93 | 129.15 |
| Year-End Price | 12.72 | 13.11 | 17.14 | 29.55 | 26.60 | 49.35 | 92.72 | 137.14 | 61.88 | 120.39 | 101.23 | 86.20 | 129.15 |
ENTEGRIS INC passes 2 of 9 quality checks, indicating weak fundamentals.
ENTEGRIS INC trades at 83.3x trailing earnings, compared to its 15-year median P/E of 42.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 49.5x vs a median of 33.1x. The company's 5-year average ROIC is 9.3% with a gross margin of 44.3%. Total shareholder yield (dividends) is 0.3%. At current prices, the estimated annualized return to fair value is -4.6%.
ENTEGRIS INC (ENTG) has a net profit margin of 7.4%. This is a modest margin.
ENTEGRIS INC (ENTG) generated $396 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ENTEGRIS INC (ENTG) has a debt-to-equity ratio of 1.10. This indicates moderate leverage.
ENTEGRIS INC (ENTG) reported earnings per share (EPS) of $1.55 in its most recent fiscal year.
ENTEGRIS INC (ENTG) has a return on equity (ROE) of 6.2%. This indicates moderate shareholder returns.
ENTEGRIS INC (ENTG) has a 5-year average gross margin of 44.3%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for ENTEGRIS INC (ENTG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ENTEGRIS INC (ENTG) has a book value per share of $26.01, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects 2026 to benefit from significant node transitions in both logic and memory, with 2-nanometer devices expected to meaningfully drive wafer output and NAND transitioning to approximately 300 layers, creating accretive content per wafer opportunities. The company anticipates mid-to-high single-digit industry MSI growth for the remainder of 2026, with DRAM capital investments expected to continue at pace and NAND demand and MSI also expected to increase, supported by leading-edge technology transitions and AI-driven storage requirements. Fab construction spending is expected to grow in 2026 after declining in 2025, with WFE delivering strong growth, and management expects to significantly grow content per wafer and outperform the market as devices become more complex and the importance of yield, precision manufacturing, and advanced process steps and materials increases. The company is targeting net leverage reduction to approximately 3x by the end of 2026 through improved free cash flow generation, with CapEx expected to decline to $250 million in 2026 as the multi-year manufacturing investment cycle completed in 2022 enables delivery of significantly more than $1 billion in incremental revenue with limited further investment.
Based on recent SEC filings and earnings calls, ENTEGRIS INC (ENTG) has provided the following forward guidance: CapEx: $250 million (FY2026).